Stanbic IBTC launches mobile money

Stanbic IBTC Bank Limited has announced the introduction of the ‘Stanbic IBTC MobileMoney’ application for smart phones. The product is expected to run on blackberry and android operating systems.

Stanbic IBTC’s Executive Director for Personal and Business Banking, Mr Obinna Abajue, said in a statement that the development has underscored the bank’s commitment to provide Nigerians with value-added products and services that suit their lifestyles.

He said the product operates on a user-friendly platform that offers its users a convenient means of carrying out mobile money transactions from their mobile devices and wherever they are.

“With the smart phone app, customers can enjoy mobile money services such as airtime purchase, funds transfer to all bank accounts, bills payment, money transfer to mobile phone subscribers, and much more. The application is free and available for download to both customers and non-customers of the bank, including individuals who do not own a bank account,” he said.

Abajue described the launch of the mobile application as another step towards leveraging evolving technologies to bring affordable financial services closer to Nigerians in line with the bank’s financial inclusion initiative.

Also, the bank’s Head of Mobile Banking, Mr Yinka Shorungbe said: “We are continuously looking for ways to bring new and innovative products and services to our customers.”